Topic: The top 5 countries are ‘paradise’ for cryptocurrencies - page 4. (Read 669 times)

Looking at your list of the top 5 most crypto-friendly countries, if I were to start my own cryptocurrency-related business I would go for Malta or Bermuda as definitely these places are tax haven and known for protecting their locators away from the onerous regulations and burdensome policies. Japan is definitely the top big country when it comes to accepting Bitcoin but it also has one of the most regulated environment so doing business there can be a difficult one. Same with the USA where SEC has become so powerful and can be a big pain the ass if one is not careful.

In the list, I would like to add some European small countries/territories like Liechtenstein, Estonia Slovenia, Gibraltar and Lithuania. In Asia, we can add North Korea, Thailand and the Philippines to be viable places to do crypto business. These countries are attracting many fintech locators as they are offering many perks and benefits other countries are not doing. There seems to be a good competition with these countries and that is actually good. As they are saying: "The more, the merrier..."

Nice research and I agree with that although we can find more of such countries. Electricity and enabling environment/government is key in the support for cryptocurrency.

I agree, most crypto related companies are transferring their HQ in Switzerland because they welcome such innovation.

I dont know why its not on the list of OP.

Netherlands - there are also start-ups in this country that are quietly building their infrastructures or network.

There's this list - https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory and some of the countries aren't verified if they really are declaring cryptos are illegal or allowed. South Korea is also a good country for crypto's. There are many exchanges that are from there. But nothing beats Malta, that's the best country so far which you can have a company and have no tax for a certain condition and including Japan.

Do not forget about how friendly Switzerland is treating cryptocurrency there, in Switzerland cryptocurrency can take a role as money and allowed to trade it but of course it is not regarded as legal tender. Right now they are doing research regarding Blockchain and aiming to be Blockchain and fintech nation.
running a company based Blockchain in Switzerland is as good as running it in Malta because you will get support from the local people.

Good facts about crypto friendly countries, as we may notice most of them are small countries but we might praise them in the future for their huge steps in Blockchain adoption. They also implement good regulatory protocol and welcoming almost all types of blockchain companies with fair taxation.  

Definitely agree with your list here, we all know that Malta is home to Binance and Huobi because of it's lax law as far as crypto currency.

Germany on the other hand leads EU, which so many online and offline shops accepting bitcoin as payment method.

And we all know what Japan did, the first to legalized bitcoin.

Bermuda and Singapore, which headquarters most ICO and projects.

If I may add, Baltic tigers, Estonia, Lithuania and and Latvia as well, Bitcoin Payments Are on the Rise in the Baltics.

Nice list, have a merit on me

I would add Canada  to my personal list
-Excellent electricity rates, some of the best in the world
-Pro crypto government (tho the banks are still old fools)
-Awesome BTC exchange rate

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list